Commercial Finance Business Solutions Expert
hace 3 días
At Oh Polly, we are on a mission to create high-quality, innovative designs that drive trends in the ever-evolving market. Our social-first business model is centered around our industry-leading Instagram and Facebook accounts, with a combined following of over 10 million across our brands. As we expand our global presence, we are looking for talented and ambitious individuals to join our Finance team.
About the Role:
As a Commercial Finance Business Partner in our Finance Department, you will play a pivotal role in supporting the company's financial objectives and driving business growth. You will provide strategic financial guidance, insightful analysis, and actionable recommendations to senior management.
Key Responsibilities:
1. Gross Margin Analysis: Lead the analysis of gross margin performance by product category, SKU, and sales channel. Identify factors impacting gross margin, including pricing, cost of goods sold, promotions, and markdowns. Provide actionable recommendations to optimize gross margin and mitigate margin erosion risks.
2. Pricing Strategy: Partner with Merchandising, Ecommerce, and Marketing teams to develop and implement pricing strategies that balance profitability with market competitiveness. Conduct pricing elasticity analysis, competitive benchmarking, and promotional impact assessments to inform pricing decisions.
3. Product Assortment Optimization: Collaborate with Merchandising, Buying, and Product Development teams to optimize product assortment and mix based on gross margin objectives, customer demand, and market trends. Evaluate the profitability of new product launches and assortments to maximize gross margin contribution.
4. Cost Management: Work closely with Production teams to manage product costs and optimize sourcing strategies. Evaluate vendor contracts, production efficiencies, and supply chain optimization initiatives to reduce costs and improve gross margin.
5. Promotions and Markdown Management: Evaluate the financial impact of promotional activities, discounts, and markdowns on gross margin. Develop strategies to minimize margin dilution while effectively managing inventory levels and driving sales.
6. Financial Planning, Forecasting, and Reporting: Lead the development of gross margin forecasts, budgets, and targets in collaboration with the wider team. Monitor actual performance against targets, analyze variances, and provide insights to support decision-making and course corrections. Develop regular reporting to meet business requirements.
Requirements:
Strong commercial acumen, qualified accountant, previous experience in a similar role, previous ecommerce/retail experience, excellent Excel modelling skills, data-driven approach, experience working in a fast-paced environment, and excellent communication skills at all levels.
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